KWD/AED Currency Pair Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
KWD/AED currency pair upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 24, 2024)
The KWD/AED currency pair price gained 0.140% on the last trading day (Monday, 24th Jun 2024), rising from $11.97 to $11.98. During the last trading day the currency pair fluctuated 2.39% from a day low at $11.70 to a day high of $11.98. The price has risen in 5 of the last 10 days and is up by 2.23% over the past 2 weeks. Volume fell on the last day by -61 shares and in total, 2 shares were bought and sold for approximately $23.97 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The currency pairis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $11.99 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect KWD/AED currency pair with a 90% probability to be traded between $11.67 and $12.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and currency pairs seldom manage to go directly from the bottom of a trend up to the top. Currency pairs turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KWDAED Signals & Forecast
The KWD/AED currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the currency pair has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.89 and $11.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has risen 2.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The currency pair had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the currency pair in question.
Golden Star
The currency pair had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the currency pair in question.
Golden Star 12 Months
The currency pair had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the currency pair in question.
Support, Risk & Stop-loss for KWD/AED currency pair
KWD/AED finds support from accumulated volume at $11.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the currency pair tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the currency pair During the last day, the currency pair moved $0.279 between high and low, or 2.39%. For the last week the currency pair has had daily average volatility of 0.586%
Our recommended stop-loss: $11.40 (-4.90%) (This currency pair has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (KWDAED) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect KWD/AED to open at $11.89, and during the day (based on 14 day Average True Range), to move between $11.88 and $12.09, which gives a possible trading interval of +/-$0.109 (+/-0.91%) up or down from last closing price. If KWD/AED takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.94, some $0.0440 (0.37%) from the current price of $11.98, our system finds the risk reward attractive.
Is KWD/AED currency pair A Buy?
KWD/AED holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this currency pair since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.110 Hold/Accumulate Upgraded
Predicted Opening Price for KWD/AED of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $11.89 ( 0.777%) | $11.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KWDAED
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.17 | 1.55% |
| R2 | 12.06 | 0.664% |
| R1 | 12.00 | 0.113% |
| Price | 11.98 | |
| S1 | 11.78 | -1.67% |
| S2 | 11.72 | -2.22% |
| S3 | 11.61 | -3.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 11.98 | |
| S1 | 11.94 | -0.367% |
| S2 | 11.92 | -0.516% |
| S3 | 11.91 | -0.609% |
FAQ
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